Question: Susan Wilson expects to need $79,000 for a down payment on a house in six years. How much would shet have to invest today in

 Susan Wilson expects to need $79,000 for a down payment on

Susan Wilson expects to need $79,000 for a down payment on a house in six years. How much would shet have to invest today in an account paying 6.25 percent in order to have $79.000 in six years? (Round answer to 2 decimal places, eg. 52.75) Present value eTextbook and Media Attempts: 0 of 3 used Using multiple attempts will impact your score. 50% score reduction after attempt 2

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!